The People’s Bank of China (PBOC) has lowered on Tuesday, Feb. 2, the minimum downpayment for first-time homebuyers in a bid to revive the country’s urban housing market, the second time the central bank has done it in less than five months, China Daily reported.
ChemChina announced on Wednesday, Feb. 3, that it has reached a deal to acquire Syngenta, a Swiss seeds and pesticide group, for over $43 billion.
While China’s economic slowdown is hurting the manufacturing sector, coffee shops, clothes stores and burger bars are among foreign businesses thriving.
Tencent Holdings Ltd has started a vigorous round to raise an estimated amount of $450 million for its financial affiliate WeBank.
Samsung, the Korean-based smartphone manufacturing giant, topped the sales chart of 2015, amidst all controversies that the company faced at the beginning of 2016.
Shareholders of ChipMOS Technologies Inc approved an arrangement with China's state-backed Tsinghua Unigroup.
Didi Kuaidi and Uber, the leading rivals in the ride-hailing market of China, have announced new funding and market expansion plans, back-to-back.
At a time when concerns are growing about the slow pace of China’s economy, Alibaba, the county’s e-commerce giant, recorded a robust growth in quarterly earnings with an increase of 32 percent.
Gou Tai-ming, also known as Terry Gou, chairman and founder of Hon Hai Precision Industry Co., trading as Foxconn Technology Group, expressed confidence Sunday, Jan. 31, that he will win a bid for Japanese electronics maker Sharp Corp., the Global Times reported.
Chinese police have arrested 21 people in connection to the operation of online lending platform Ezubao, the state-owned Xinhua News Agency reported Monday, over allegations that it defrauded 50 billion yuan ($7.6 billion) in funds from 900,000 investors.
Global cab-hailing service provider Uber had already announced its launch to more cities in China recently, which is expected to take effect on Feb. 8. According to its announcement, Uber shall provide its services in 15 cities of China's Sichuan province, which is the fourth most populous province in China, by Feb. 8.
Taiwan-based solar wafer makers Sino-America Silicon Products Inc. (SAS) quoted that it had signed a Memorandum of Understanding (MoU) with Huawei Technologies Co.
Kalends, a China-based internet game distributor, is planning to invest USD$800,000 into Woobo Inc., an American new-generation robot company.
China's spying concerns eased with the news of Intel teaming up with Montage Technology Global Holdings Ltd and Tsinghua University on starting a joint venture for manufacturing a special chip in China.
Efforts of Baidu, China’s leading search engine, to ramp up investments in supercomputing capabilities, such as machine translation, is considered an attempt to capture the online to offline sector that is so growing fast.
